Provident Financial profit warning


Provident Financial profit warning

Among 18 analysts covering Airbus Group (EPA:AIR), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 74% are positive. Merit Medical had 10 analyst reports since October 23, 2015 according to SRatingsIntel. The firm has "Overweight" rating given on Monday, April 25 by Barclays Capital. The stock of Airbus SE (EPA:AIR) earned "Buy" rating by Societe Generale on Friday, April 29. The stock's market capitalization is 854.18M, it has a 52-week low of 426.60 and a 52-week high of 3402.27. (NASDAQ:MXIM) has "Buy" rating given on Friday, October 21 by Drexel Hamilton.

Investors sentiment decreased to 1.32 in Q4 2016. Its down 0.03, from 0.91 in 2016Q3. It worsened, as 34 investors sold Provident Financial plc shares while 139 reduced holdings. The Alabama-based Oakworth Cap has invested 0.01% in Provident Financial plc (LON:PFG).

After the profits warning in June, Woodford expressed his support for the company and used the share price weakness as an opportunity to top up his stake. Burney Co has 0.03% invested in Provident Financial plc (LON:PFG) for 7,435 shares.

Despite yesterday's shock, Woodford, who alongside his former employer Invesco owned 40 per cent of Provident Financial's stock at the end of July, has staked his reputation on taking a long-term view on investment decisions. Envestnet Asset Mgmt has invested 0% in Airbus SE (EPA:AIR). 5,000 are held by Cypress Capital Gp. Wealthtrust holds 142 shares. Bessemer has invested 0.02% of its portfolio in Provident Financial plc (LON:PFG). Zweig accumulated 4,300 shares. Its up 14.91% from 3.42M shares previously. It has underperformed by 16.70% the S&P500.

While Provident didn't make any mention of the broader United Kingdom economic environment or Brexit, its profit warning comes as the Bank of England cautions that the nation's consumer credit market is overheating after years of low interest rates and low defaults bred complacency.

Provident Financial has a 50 day moving average of 2113.58 and a 200 day moving average of 2742.62. Canaccord Genuity reaffirmed a "buy" rating and issued a GBX 3,430 ($44.53) price objective on shares of Provident Financial plc in a research note on Thursday, June 22nd.

Numis analyst James Hamilton said ROP represented Provident Financial's version of payment protection insurance. The company was maintained on Tuesday, February 23 by Panmure Gordon.

Radian Group Inc.is an insurance holding firm that provides mortgage insurance, and services and products to the real estate and mortgage finance industries. The stock has "Sell" rating by Liberum Capital on Tuesday, August 22.

When Provident Financial hit the market with a shock profits warning on Tuesday, it was a bit like being transported back in time - back to that moment a decade ago when the run on Northern Rock brought home the horrifying scale of the reckless lending crisis.

Meanwhile, its other divisions - Vanquis Bank, sub-prime auto loan business Moneybarn and consumer credit brand Satsuma - are trading in line with plans. It has a 58.39 P/E ratio.

Peel Hunt's Stuart Duncan said the company did not seem to be in imminent danger of collapse, but warned it could face problems if Vanquis Bank customers start withdrawing deposits.

Since March 1, 2017, it had 0 insider buys, and 20 insider sales for $16.39 million activity. Guardian Life Ins Communication Of America reported 0.01% in Provident Financial plc (LON:PFG). Provident Financial shares, trading at more than £17 apiece on Monday night, plummeted below 450p at one stage, wiping some £2 billion from the company's stock market value.